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We'll probably find that out when solicitations from Kadokawa come out. There's enough material for 2 cours, so that remains a possibility. I'm curious if/when we'll see a PV. There might be a chance next week given that they're updating the site weekly.

Side note that's somewhat relevant: Congratulations to Supervisor Takemoto on the birth of his daughter this week!

Is it a long novel, or do you think they are adapting more than one of the novels?

They'll be adapting more than just Hyouka. Though they've called the series Hyouka, their site uses the Kotenbu, or Classics Club, title to refer to the whole series. Not having read the series, I can't attest to how many they'll adapt if they don't decide to adapt all of them.